Lunch break forex
summer months provide weak returns for most financial markets for many countries in Europe. Swiss Franc are most active during this session as traders from the European countries use their domestic currency in their foreign exchange transactions. Trading EUR/USD and GBP/USD would give the best results during this overlap. This overlap also coincides with the release of important economic numbers. . There may even be days where your system, for whatever reason, just doesnt preform well. The rule of thumb regarding days of week is that the middle days (Tuesday, Wednesday, Thursday) receive the most action.
Forex, market, hours, they may have staggered lunch times, but not at 8:16. The London hours are one of the best forex trading hours to trade. Start to pack up and London traders start to have their lunch break.
Sydney opens at 5:00 pm to 2:00 am EST (EDT). For most European countries, and also for the US, the June-August period averages out to be slightly negative. If your awake and have the free time, it can be a good time to get prepared for the opening of the European session. Download this post ADF - click here. The currency markets become very erratic and unpredictable. Of course this session is ideal for the European trader, and it is also not too bad for the Asian Trader who can trade the European session during his evening (3:00 bitcoin & blockchain plus de pouvoir pour l'individu PM to Midnight, Hong Kong Time). If you have to trade during the summer, be ready for the sideways action. Or zoom into smaller time frames (M5 or M15) to trade the mini trends.
However if you were to day trade this session, you would be looking at the JPY AUD pairs as they offer the greatest volatility. By selling out your holdings in May, and reinvesting them only when the summer is over, you protect your portfolio and potentially achieve better returns. . Friday - this is virtual half-day because trading is busy until 12:00 pm EST and then nearly dies down in activity until it closes at 5:00 pm EST. The preceding Jan-May period averages out to be 3, with the bulk of the gains falling in last four months of the year (Sept-Jan).
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